Mozambique LNG signs off on $400m development loan
Growth of Mozambique LNG, along with the Rovuma LNG project led by ExxonMobil, will make the country one of the world’s largest exporters of liquefied natural gas with a total estimated production of 28.1m tonnes a year
The Mozambique LNG project is ‘largely de-risked’ since almost 90% of the production is already sold through long-term contracts with key buyers in Asia and Europe, according to the venture’s operator Total
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